leasedpremises
nounUK /liːst ˈprɛmɪsɪz/
US /list ˈprɛmɪsɪz/
A leased premises is a building or space that someone rents from its owner.
The bakery moved into its new leased premises near the park last spring.
OTHER MEANINGS
2. The actual land and buildings covered by a rental agreement, as opposed to other rights in the contract.
The lease clearly describes the leased premises as the ground floor and the back yard.
3. A shop or office space that a business occupies under a rental contract.
The company expanded its leased premises to include the floor above.
4. In law, the property interest a tenant holds while paying rent to a landlord.
Damage to the leased premises must be reported to the landlord within seven days.